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. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of a to yahoo! stocks, are suddenly the comeback kids of the fourth quarter. we're separating winners from losers. >>> plus, sell signal. if insiders are heading for the exits, should you be, too? >>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican lea
. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of...
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Dec 12, 2012
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aids say john boehner has sent president obama a new counter offer tonight. it's apparently a response to an offer the white house made yesterday. that was one day after the president and the speaker met one on one at the white house. of course three weeks from today automatic tax hikes and spending cuts kick in if they can't come to deal. jim angle is following late developments from our washington newsroom. there have been a lot of them in just the last 30 minutes. >> i will say, shep. the clock, of course, as you indicated is clicking louder. not clear if we had real progress or just movement. president and speaker boehner did talk by phone tonight after white house offer monday and counter offer from boehner about which his office said quote we sent the white house a counter offer that would achieve tax and entitlement reform to solve our loom being debt crisis and create more miner jobs. the statement also reit raided, however, what speaker boehner and others said earlier today. listen. >> we're still waiting for the white house to identify what spends c
aids say john boehner has sent president obama a new counter offer tonight. it's apparently a response to an offer the white house made yesterday. that was one day after the president and the speaker met one on one at the white house. of course three weeks from today automatic tax hikes and spending cuts kick in if they can't come to deal. jim angle is following late developments from our washington newsroom. there have been a lot of them in just the last 30 minutes. >> i will say, shep....
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Dec 8, 2012
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boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy in the country and they're insistent on that. the other thing the president is interested in, he wants a double deal and wants to raise tax rates and also take the deductions, the closing of tax deductions and upping the ante, he feels if he doesn't give, doesn't demand that, he's looking at a tie of tax revenue down the line. >> paul: he's raised the ante, not 800 billion, but 1.6 trillion. he's got the rest from deductions, but that's a huge revenue hit. >> first, a huge revenue hit, but that's what the president wants. i think what he really wants is tone act the tax rate increases and make them permanent. there's a kind of conventional wisdom that we'll do these things and sometime next year, and even the president says we'll
boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy in the country and they're insistent on that. the other thing the president is interested in, he wants a double deal and wants to...
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Dec 5, 2012
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jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are ready to play the blame game in case negotiations fail. >> there's only one person out of 370 million americans who can sign something into law and that's the president. >> 60% of americans are asking the wealthy to pay more. >> reporter: a "the washington post" poll say 53% of americans will blame republicans and 29% would hold the president responsible if the nation goes over the fiscal cliff. the two sides appear close to an agreement on little things. it could lead to higher airline ticket prices and no more mail delivery on saturday. >> oh, boy. susan mcginnis in washington this morning. susan, thank you s
jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are...
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Dec 6, 2012
12/12
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boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within the republican conference could have, is now aligned with wehner completely. strengths his hand. he's the sole negotiate, whatever he gets from president obama will be the rule of law. and i think what's really emboldened boehner, ironically, mitt romney's loss. it's this idea that john boehner's survived, he's the one who came through. we were able to keep the house. he does get a lot of credit for that among house republican circles, they were able to keep the house. people think -- >> he raised something like 100 million dollars. >> he's the kingmak
boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within...
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speaker boehner is facing growing backlash from the more conservative wing of his party. at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch mcconnell also distanced himself from the boehner plan declining to endorse it yesterday. >> we've wasted enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. so i have no other particular observation than i commend the house republican leadership for trying to move the process along and getting to a point where hopefully we can have a real discussion. >> but why is the the gop still hot on its desire to raise money through cuts and deductions rather than an actual increase in the top end tax rate? well, i t
speaker boehner is facing growing backlash from the more conservative wing of his party. at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch...
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Dec 12, 2012
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boehner raised the question. some of the things that the president was asking for i couldn't get through the house anyway. if he can make a deal with the president and it is still painful, even if it's not $1.4 trillion in new revenue can he get it through the house? how much danger is he in for losing the speakership if he doesn't stand firm enough on the president? >> he could be in fair bit of danger here. the question is, if he is willing to get something through the house without a majority of the caucus for. this hastert rule. speaker hastert would never bring something through unless majority of republicans to support it. >> chris: majority of the majority. >> so of course his speakership could be threatened here. one side story of this at least in washington is the majority leader. cantor has been not as front and center in the negotiations at all. is he waiting in the wings to help things out, waiting in the wings to be there if speaker boehner falls? that is an intrigue here. speaker boehner is committe
boehner raised the question. some of the things that the president was asking for i couldn't get through the house anyway. if he can make a deal with the president and it is still painful, even if it's not $1.4 trillion in new revenue can he get it through the house? how much danger is he in for losing the speakership if he doesn't stand firm enough on the president? >> he could be in fair bit of danger here. the question is, if he is willing to get something through the house without a...
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it to boehner and obama to make a deal. though boehner spokesman michael steele tells us this morning if we're going to solve this problem every congressional leader and more importantly the white house have all important roles to play. the fact is we've heard this same thing. and that is that pelosi and the senate leaders are not in the room at first. they'll be brought in when boehner and the white house are close. mann while, back to the debt ceiling. the new republicans' main point of leverage n. a rare misstep, mcconnell may have taken some of that leverage away in a move that ended with mcconnell filibustering himself. the president doesn't have enough democratic support, mcconnell moved to vote to permanently give the president the rate to approve the debt ceiling. reid shocked mcconnell by calling the idea of having that vote a positive development. forcing him to reject a vote he had called for himself. >> is there objection? >> reserving the right to object, matters of this controversy -- what we're talking about
it to boehner and obama to make a deal. though boehner spokesman michael steele tells us this morning if we're going to solve this problem every congressional leader and more importantly the white house have all important roles to play. the fact is we've heard this same thing. and that is that pelosi and the senate leaders are not in the room at first. they'll be brought in when boehner and the white house are close. mann while, back to the debt ceiling. the new republicans' main point of...
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youjohn boehner in the briefing room has a chart. in boehner's words as we've been given excerpts by his staff is spending. the problem is entitlements. that is what's driving the debt. you see that large red portion of that chart that boehner is about to use. you know, the question is, will he have the votes to pass whatever it is he puts on the floor, thomas? and there's an ironclad rule in the house of representatives. and that is, a speaker does not put something on the floor that is not going to pass with the majority of his congress, in this case, republicans, and anything with tax hikes on it as the president is insisting on, whether that gets on the floor or republicans, that's highly questionable. >> is foster friess giving you a little ankle there? >> foster friess, that's a name from the past. >> kristen, let's talk about what the president is able to acquiesce about spending cuts? this about compromise or total victory? >> i think to some extent it's about compromise. but there is no doubt that president obama believes he
youjohn boehner in the briefing room has a chart. in boehner's words as we've been given excerpts by his staff is spending. the problem is entitlements. that is what's driving the debt. you see that large red portion of that chart that boehner is about to use. you know, the question is, will he have the votes to pass whatever it is he puts on the floor, thomas? and there's an ironclad rule in the house of representatives. and that is, a speaker does not put something on the floor that is not...
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john boehner, though, has been really pushing back. he had the news conference yesterday and this is what he said. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> so obviously, republicans are trying to change the conversation from taxes to cuts. what do they want? >> well, they want entitlement reform and what we've seen is that the white house has moved a little bit. the president seems to be open to some form of entitlement reform, maybe not what john boehner wants, but they have said in the last couple of days that they will do corporate tax reform. so we are seeing some movement from the white house, but nothing yet from the house republicans. >> all right. john boehner just came to the microphone. he's just met with his caucus. let's see if he has anything new
john boehner, though, has been really pushing back. he had the news conference yesterday and this is what he said. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> so obviously, republicans are trying to change...
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we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best serve the population. gerri: the truth is the states only have so much flex ability because you have to meet your budget. the federal government doesn't. but i want to show who is in washington. it was scott walker, gary herbert, mark dayton, jack markell. all the leadership of the governors association. what kind of response did you get? we are not passing anything onto you guys. >> the president was very cordial and respectful to the governors. and we believe that we have a stake in this process, and he felt like we could offer some ideas of ways that
we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best...
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john boehner is meeting with president obama at the white house. we have new signs today that the gop's support is crumbling. and they called it the crime of the century. five young men convicted of a heinous assault in new york's central park. the only problem sfwh they didn't do it. >>> once a juvenile is broken down, you can basically tell him anything. and, you know, they fed me the names. >> my interview with the central park five, a powerful story of injustice and fighting for what's right. you're watching po ining "polit nation" on msnbc. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerew
john boehner is meeting with president obama at the white house. we have new signs today that the gop's support is crumbling. and they called it the crime of the century. five young men convicted of a heinous assault in new york's central park. the only problem sfwh they didn't do it. >>> once a juvenile is broken down, you can basically tell him anything. and, you know, they fed me the names. >> my interview with the central park five, a powerful story of injustice and fighting...
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Dec 8, 2012
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at least publicly john boehner is not sounding confident. >> he is not. he was very pessimistic and came out and told reporters is he still frustrated that president obama has not responded with some sort of a counter proposal to the republic debt plan that was put on the table. he basically is saying that these talks are still going nowhere. this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is wiggle room on both sides. that may be where we get a deal if these two sides get together next week, shep. >> shepard: u.s. officials say the syrian regime has begun
at least publicly john boehner is not sounding confident. >> he is not. he was very pessimistic and came out and told reporters is he still frustrated that president obama has not responded with some sort of a counter proposal to the republic debt plan that was put on the table. he basically is saying that these talks are still going nowhere. this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that's threatening our economy and...
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i've known john boehner for 21 years. he recognizes that the republicans also running for re-election said to their constituents "we will not raise your taxes. we will not do anything in this economic recession to make things worse "." raising the top two rates is going to hit the job creators and i think what john boehner has said, he said this the day after the election, governor, he said we recognize that the elections have consequences, the president won. republicans are willing to give the president most of what he wants, $800 billion somewhere around a trillion of additional revenue. how do we get there. the president wants to increase tax on the wealthy. republicans want to close loopholes. i think we're a lot closer than the president and congressional republicans would lead you to believe. it is a question of how do we get there. >> jennifer: don't you think ron, if they close loopholes now, then they're not going to be able to lower the corporate tax rate -- it depends on which loopholes you close whether person
i've known john boehner for 21 years. he recognizes that the republicans also running for re-election said to their constituents "we will not raise your taxes. we will not do anything in this economic recession to make things worse "." raising the top two rates is going to hit the job creators and i think what john boehner has said, he said this the day after the election, governor, he said we recognize that the elections have consequences, the president won. republicans are...
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>>reporter: the president and speaker boehner spoke on the telephone phone and speaker boehner would not call it "tense" but said it was straight failure frank discussion of how far apart they are. >> the president is calling if $1.4 trillion in revenue. that cannot pass the house of representatives or the senate. if you look at our budget we have in new revenue in our budget. the president's budget, he had $1.6 trillion worth of new revenue in the budget. >>reporter: the republicans have offered $800 billion in revenue half of what the president wanted but they want to raise it by phasing our tax deductions and closing out loopholes which white house officials say cannot raise enough without hurting the middle class. >>shepard: thank you, wendell. north korea's daring rocket lunch prompted quick reaction from the united states and a lot of allies and they promised an "appropriate response." what would that be? what options does the united states have in dealing with the most rogue nation on the planet? going rogue, live from the state department. >> we could have a political showdow
>>reporter: the president and speaker boehner spoke on the telephone phone and speaker boehner would not call it "tense" but said it was straight failure frank discussion of how far apart they are. >> the president is calling if $1.4 trillion in revenue. that cannot pass the house of representatives or the senate. if you look at our budget we have in new revenue in our budget. the president's budget, he had $1.6 trillion worth of new revenue in the budget....
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with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet together. a source said, i would be a little enjournlged. not greatly, but a little. republicans may be ready to compromise on tax hikes for the rich. >> there's a growing group of folks looking at this and saying, we don't have a lot of cards in regards to the tax issue. >> reporter: some are open to more tax revenues. the two parties seem to be closer on entitlement, with one leading democrats saying he's open to means testing for medicare. >> i do believe there should be means testing. those of us with higher income and retirement should may more. >> reporter: if washington can't reach an agreement, every american will see a tax hike. >> there's going to be a lot of suffering among a lot of people who deserve otherwise. >> reporter:
with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet together. a source said, i would be a little enjournlged. not greatly, but a little. republicans may be ready to compromise on tax hikes for the rich. >>...
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Dec 11, 2012
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boehner offered $800 billion over ten years. the white house wants $1.6 trillion. they have to meet on the numbers somewhere. at this point boehner's office is saying they have refused even to agree to a higher number. >> woodruff: finally, one is hearing some talk that one or the other side may feel it's better to wait until after january 1. >> well i think people are both sides are start of gaming out what happens if we to january. democrats feel that, you know, at that point everything becomes a tax cut because taxes are already up. so we'll be cutting taxes. and republicans maybe feel that, you know, you could see where that might be a good thing for them too. there are big pressures bushing against... pushing against that too. this is a congress that has been fighting over these issues for two years. corker has made this point as well. if we can't do it, we've been over all these issues. now is the time. there's going to be a new congress in january. you have to educate all these new people coming in. in addition to the economy, there are incentives to get it
boehner offered $800 billion over ten years. the white house wants $1.6 trillion. they have to meet on the numbers somewhere. at this point boehner's office is saying they have refused even to agree to a higher number. >> woodruff: finally, one is hearing some talk that one or the other side may feel it's better to wait until after january 1. >> well i think people are both sides are start of gaming out what happens if we to january. democrats feel that, you know, at that point...
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come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday it was a nice meeting, it was cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make, where are the presidents spending cuts? >> stephen: now critics say the speaker is just asking democrats to put specifics in into the republican proposal but i say that's kind of fun. it makes the budget into a giant mad-lib. for instance, we agree to cut ten be zillion from the program that gives ukuleles to the sticky poor. toilet boom! (cheers and applause) we will have more on this story -- if i have to. (laughter) nation, there's a danger lurking around every corner. that's why i say we must start making all of our buildings round. (laughter) this is the threat down. (cheers and applause) first up, folks, i always keep watch on our international enemies, especially north korea. and their dear leader kim jong-un. in my book he is public enemy number un. (laughter)
come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday it was a nice meeting, it was cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make, where are the presidents spending cuts? >> stephen: now critics say the speaker is just asking democrats to put specifics in into the republican proposal but i say that's kind of fun. it makes the budget into a giant...
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ounce of compassion this christmas seen save it for boehner. the president treats him as if he has him over a barrel heading toward the fiscal cliff. he is trying to head this off by bargaining with the president to keep the tax rates where they are now and provide revenue for rich people. in exchange mr. boehner wants the president to agree to serious reform to tax reform the biggest driver of the nation's debt. he wants to hire tax revenue and taxes on the rich. he has speak ennothing of entitlement. unreasonable? you bet. on top of it boehner is on attack for being a weak negotiator from the right. he is not a weak negotiator. he has a weak hand. >>> kelly wright is live in washington. hi, kelly. >> good morning to you ainsley. someone would hope so. three weeks from now americans will be celebrating a brand new year but it may be a year unof uncertainty if the white house fail to take action to avert the fiscal crisis or the cliff. president obama tock his message on the road speaking to auto workers to talk about the plan to cut taxes that
ounce of compassion this christmas seen save it for boehner. the president treats him as if he has him over a barrel heading toward the fiscal cliff. he is trying to head this off by bargaining with the president to keep the tax rates where they are now and provide revenue for rich people. in exchange mr. boehner wants the president to agree to serious reform to tax reform the biggest driver of the nation's debt. he wants to hire tax revenue and taxes on the rich. he has speak ennothing of...
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we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's some confusion about who the quarterback is on the republican side. that is, of course, quite common when you don't have the white house, but there's no doubt about who the quarterback is on the democratic side. the quarterback on the democratic side is the president of the united states. and unfortunately, he keeps throwing interceptions, and we're moving backward and backward and backward towards the goal line. >> i have a headache. >> should they not be talking about football? yeah. >> it's not working. new york jets owner woody johnson, of course -- >> woody! >> a mitt romney guy. >> yeah, woody. >> that was a cringer. harry reid, come on now. >> it's not right for harry reid to kick the jets around. that's a cheap shot. we can do it. you can't. senate minority leader mitch mcconnell, you just saw him there talking on the floor, he actually found himself, well, in unusual territory thursday. he actually had to filibuster himself. >> no, no, he ca
we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's some confusion about who the quarterback is on the republican side. that is, of course, quite common when you don't have the white house, but there's no doubt about who the quarterback is on the democratic side. the quarterback on the democratic side is the president of the united states. and unfortunately, he keeps throwing interceptions, and we're moving backward and backward...
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in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks for example about $800 billion worth of revenues but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> rose: and here is the president talking about why it's essential for him that there be tax increases for the most wealthy among us. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the
in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks for example about $800 billion...
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Dec 6, 2012
12/12
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we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington. thank you. >>> last night on the ed show, steny hoyer explains why he thinks the debt ceiling vote should be taken off the table. >> the debt ceiling is a phone y vote, frankly. and from time to time democrats have made it an item that they demagogue down and the republicans have demagogued on it, as well. the debt limit is a re
we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint...
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Dec 10, 2012
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. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is needed. christine the guard says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america pause economy growing again. >> there is still the degree of uncertainty. investors, entrepreneurs households, are not making decisions because they do not know what tomorrow will be. >> but washington's top republican leader, house speaker john boehner, complains there has been no progress in avoiding even immediate crisis. >> when it comes to the fiscal cliff disrupting our economy and threaten jobs, the white house has wasted another week. >> democrats s
. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is...
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Dec 11, 2012
12/12
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CURRENT
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22 days left until we go over the so-called fiscal live, and even after president obama and speaker boehner met for the first time in over a month we still appear to be no closer to a deal. but over the weekend, for the first time both sides did seem to be softening the edges of their ideological swords. today in detroit the president continued his campaign-style push for congress to pass tax breaks for those below $250,000 and allow tax breaks for the wealthy to expire. >> a lot of people are putting forth a theory, and i actually think it has merit where you go and give the president the 2% increase that he's talking about, the rate increase on the top 2%. so there is a growing body. actually am beginning to believe that is the best route for to us to take. >> in my view we all agree that we're not going to raise taxes on people who make less than $250,000. we should just take them out of the discussion right now. >> i think if it got to the floor it would carry. >> eliot: as the republicans begin to come around on the tax rates democrats have become open to limited entitlement reform. th
22 days left until we go over the so-called fiscal live, and even after president obama and speaker boehner met for the first time in over a month we still appear to be no closer to a deal. but over the weekend, for the first time both sides did seem to be softening the edges of their ideological swords. today in detroit the president continued his campaign-style push for congress to pass tax breaks for those below $250,000 and allow tax breaks for the wealthy to expire. >> a lot of...
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Dec 10, 2012
12/12
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obama and house speaker boehner meeting face-to-face for the first time in nearly a month. >> any time you got two guystangoing you have a chance to get it done rouse a source says i would be encouraged not greatly but a little becauserepublicans may be ready to compromise. >> there is a growing group of folks looking at this and realizes that we don't -- realizing we don't have a lot of cards. >> reporter: some gop law makers are open to raising revenue especially holding the top rate below 36.9% and they are moving closer to entitlements with democrat saying he is open to means testing for medicare. >> those us with higher income in retirement should pay more and that could be part of the solution. >> reporter: if they can't strike a deal by the end of the year, spending cuts will go into he effect and every american will see a tax hike. >> it's going to be a lot of suffering among a lot of people who deserve otherwise. >> reporter: there's 22 days before the cliff but some lawmakers believe a deal is needed this week if the president and speaker boehner hope to win approval by the e
obama and house speaker boehner meeting face-to-face for the first time in nearly a month. >> any time you got two guystangoing you have a chance to get it done rouse a source says i would be encouraged not greatly but a little becauserepublicans may be ready to compromise. >> there is a growing group of folks looking at this and realizes that we don't -- realizing we don't have a lot of cards. >> reporter: some gop law makers are open to raising revenue especially holding the...
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cantor is worried -- excuse me, not cantor, boehner is worried about not being reelected as speaker of the house. they can't vote on that until january 4th with the new congress on that. cantor wants that job. so i think boehner's going to press for a deal, i think he's going to go ahead and allow president obama to raise taxes to 39.6%, and i think that'll take the edge off the fiscal cliff. david: let's take this discussion out of the beltway and into the real world. the economy, and, jeff, i want to start with you because you're bullish, but if you're so bullish, hy are you downgrading housing right now? >> because our housing team made a really good call on the housing stocks, and they outran their valuations on a short to intermediate-term basis. they downgraded them about two months ago. liz: okay, so where's the money? show it to us. >> i like just about everything except consumer staples. i think industrials look good, i think they are the new consumer staples. i think that consumer staples are the new investment vehicles of utility investors -- liz: and you like american tower
cantor is worried -- excuse me, not cantor, boehner is worried about not being reelected as speaker of the house. they can't vote on that until january 4th with the new congress on that. cantor wants that job. so i think boehner's going to press for a deal, i think he's going to go ahead and allow president obama to raise taxes to 39.6%, and i think that'll take the edge off the fiscal cliff. david: let's take this discussion out of the beltway and into the real world. the economy, and, jeff, i...
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Dec 5, 2012
12/12
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boehner was trapped in a box that was tight. he since the battle rages on for the soul of the right. but perhaps we shouldn't rub our hands until it's over, for the last map standing in fact, might be named grover. [ ♪ music ♪ ] >> jennifer: earlier today emotion came to the senate floor to ratified a treaty on the disabled. it's modeled on the landmark of merges withamericans . he claimed u.s. sovereignty so the tea party is now in from its right flank. it's not just about the united nations. 24 hours an speaker john boehner put a budget offer on the table the tea party is threatening to throw him over board. what is his great plan? raising revenues--aah. the details are pretty vague, but we know his plan would raise $800 billion in revenue closing some unnamed loopholes while sparing the top earners from any more taxes. tea partyers object to raising any revenue at all. on the other side the president is not pleased with boehner's plan because he said there would be no deal without higher tax rates for the wealthy. >> obam
boehner was trapped in a box that was tight. he since the battle rages on for the soul of the right. but perhaps we shouldn't rub our hands until it's over, for the last map standing in fact, might be named grover. [ ♪ music ♪ ] >> jennifer: earlier today emotion came to the senate floor to ratified a treaty on the disabled. it's modeled on the landmark of merges withamericans . he claimed u.s. sovereignty so the tea party is now in from its right flank. it's not just about the united...
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>> reporter: scott, there there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'sers.e.c.geithner's comments about going over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me -- or do not used a skwrebgive thes like "curt," "frank" and "direct" meaning it was probably more gentle. also i'm told scott this is no longer a time for check-in phone calls between these two leaders. everything now is substantive about the underlying merit of what treasury secretary tkpwaoeugter ins.e.c. geithnerrepublicans believe this can be done through tax loopholes not raising rates on the wealthiest americans. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter
>> reporter: scott, there there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'sers.e.c.geithner's comments about going over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker...
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Dec 10, 2012
12/12
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with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet together. a source said, i would be a little enjournlged. not greatly, but a little. republicans may be ready to compromise on tax hikes for the rich. >> there's a growing group of folks looking at this and saying, we don't have a lot of cards in regards to the tax issue. >> reporter: some are open to more tax revenues. the two parties seem to be closer on entitlement, with one leading democrats saying he's open to means testing for medicare. >> i do believe there should be means testing. those of us with higher income and retirement should may more. >> reporter: if washington can't reach an agreement, every american will see a tax hike. >> there's going to be a lot of suffering among a lot of people who deserve otherwise. >> reporter:
with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet together. a source said, i would be a little enjournlged. not greatly, but a little. republicans may be ready to compromise on tax hikes for the rich. >>...
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Dec 10, 2012
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john boehner sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> they took it and threw it in the garbage. i was so heart broken to hear this i said, look, how about this, john? if you agree to a 1% rate on the top 2 americans, just 2 people, i will dissolve social security. dissolve it. so we took it to the republicans and congress and what do they do? >> invited me to a pizza party. >> and when they got there -- when you got there, sir? >> it was a burned out warehouse. >> did you go inside? >> yes. >> and was there any pizza? >> no. >> and then what happened? >> they jumped out and pelted me with eggs. >> fresh eggs? >> rotten eggs. >> bill, i'll tell you, i feel like john boehner. mike has invited me to dinner many, many times. i show up and he's not there. all right. let's turn to reality news now. mtv has been looking for replacements of the "jersey
john boehner sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> they took it and threw it in the garbage. i was so heart broken to hear this i said, look, how about this, john? if you agree to a 1% rate on the top 2 americans, just 2 people, i will dissolve social security. dissolve it. so we took it to the...
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Dec 5, 2012
12/12
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john boehner gave an eagle scout the honor of flipping that switch. >> 3,
john boehner gave an eagle scout the honor of flipping that switch. >> 3,
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Dec 10, 2012
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>>> boehner trying to prevent the fiscal cliff now 23 days away. no details on their conversations but reps for both sides say the lines of communication remain open. the last time the president and the speaker met in person to talk about the fiscal cliff was more than three weeks ago. >>> and just after midnight on sunday, making history. the governor signed the voter-approved referendum into law on wednesday. >>> and hugo chavez is returning to cuba for more cancer surgery but this time he is making sure a new leader is in place in case he doesn't return, and he named the vice president as his choice for a replacement in case something happens for him. the 58-year-old president is still scheduled to be sworn in for a new six--year-term on january 10th. >>> sad news for fans of music star jenny rivera. there doesn't appear to be any survivors. the plane lost contact with air traffic controllers early this morning. so far no cause has been given for that crash. >>> the national menorah in front of the white house was illuminated tonight marking the
>>> boehner trying to prevent the fiscal cliff now 23 days away. no details on their conversations but reps for both sides say the lines of communication remain open. the last time the president and the speaker met in person to talk about the fiscal cliff was more than three weeks ago. >>> and just after midnight on sunday, making history. the governor signed the voter-approved referendum into law on wednesday. >>> and hugo chavez is returning to cuba for more cancer...
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Dec 10, 2012
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>> yes. >> boehner had pretty tough words for the president on friday. let's listen. >> there is a lot of things possible to put the revenue on the table but none of it will be possible if the president insists on his position and insist on my way or the highway. >> anna, he also said the white house has wasted another week, and now two days later, they are meeting again. did boehner's remarks make the difference? >> good. i think it's great. we cannot reach a deal if you are posturing and negotiating through press conferences. they need to sit in a room and look at each other and talk constructive debate and move the ball forward. i think what happened today is a very good sign. americans should be encouraged, it's a good thing when the congressional leader and president is capable of meeting and talking about the difficult issues that face this country. what a refreshing and new idea. >> so you hear members of the gop, and you here corker, and they are saying he will only do this, and then the messaging that you hear on television is quite different th
>> yes. >> boehner had pretty tough words for the president on friday. let's listen. >> there is a lot of things possible to put the revenue on the table but none of it will be possible if the president insists on his position and insist on my way or the highway. >> anna, he also said the white house has wasted another week, and now two days later, they are meeting again. did boehner's remarks make the difference? >> good. i think it's great. we cannot reach a deal...
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Dec 10, 2012
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. >>> gasoline almost half a buck cheaper and going lower as obama and boehner meet face to face to peer over the looming fist cliff. >>> the latest on the death of the royal nurse. >>> handcuffed man makes off with a police cruiser. >>> and could hillary clinton be presented with an offer she can't refuse? >>> very good morning to you, i'm veronica de la cruz. right now residents in the midwest are waking up to some of the heaviest snowfall they've seen in two months. a low moving storm dumped more than a foot. 150 flight cancellations and delays at minneapolis st. paul airport. nbc meteorologist bill karins has been tracking those storms. it looks bad. >> impressive. ten inches in minneapolis. winter has arrived and in a big way through the middle of the country. the wind chills are brutal this morning. all of this mess is now sliding to the east coast. thankfully not the snow and ice. the storm itself is actually located over lower michigan heading up towards just north of buffalo. these storms in the winter that track up into canada drag warmer air to the east coast. that's why we're
. >>> gasoline almost half a buck cheaper and going lower as obama and boehner meet face to face to peer over the looming fist cliff. >>> the latest on the death of the royal nurse. >>> handcuffed man makes off with a police cruiser. >>> and could hillary clinton be presented with an offer she can't refuse? >>> very good morning to you, i'm veronica de la cruz. right now residents in the midwest are waking up to some of the heaviest snowfall they've...
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Dec 12, 2012
12/12
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FBC
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the one that speaker boehner is working hard for, we're in it together. we're taxed too little or spending too much or a combination of the two, if we do it, it has to be 100%. neil: do you believe we're taxed too little? >> in some cases dollar taxes that could be different, speaking for myself, from 20% to 15% on capital gains that is not change my considering on capital gains. i am a . >> you are open to the investor-related taxes that go up with this plan? >> i believe that -- >> not income related ? >> i believe that at zero tax you get no revenue, at 100% tax you get no productivity. you are trying to find is what maximum revenue to government is, including maximum economic growth. neil: you would be open to speaker boehner offering the 800 billion in revenue, however that is sorted out, he does not want rate hikes, he wants a limit on deducts and write-offs, would either be fine with you? >> neil, we have a lot of hidden things in tax code. i can take a building and put a new roof, as long as i stay under a certain level. neil: democrats saying tha
the one that speaker boehner is working hard for, we're in it together. we're taxed too little or spending too much or a combination of the two, if we do it, it has to be 100%. neil: do you believe we're taxed too little? >> in some cases dollar taxes that could be different, speaking for myself, from 20% to 15% on capital gains that is not change my considering on capital gains. i am a . >> you are open to the investor-related taxes that go up with this plan? >> i believe...